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Forum Post: Minimum Wage Legislation

Posted 12 years ago on July 2, 2012, 5:23 p.m. EST by richardkentgates (3269)
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http://blog.richardkentgates.com

http://www.youtube.com/watch?v=8Y-u0UnKZ_U

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3 Comments


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[-] 0 points by brosefstalin (139) from Wantagh, NY 12 years ago

I posted it so no one has to give excessive traffic to your blog:

Minimum Wage Legislation

There is far more information out there on this topic than I could share with you on why we need to increase the federal minimum wage. I could also show you data on why it needs to be tied to inflation and evaluated quarterly then adjusted annually.

I won't waste your time pretending to be one of those experts or reposting their data. I will instead present you with a common sense set of questions to help you overcome a talking point and a lie that you often hear from the right, regarding this topic.

  • Talking Point -

    Raising minimum wage will lead to layoffs.

Question 1

Does your boss hire people to stand around?

Answer 1

No, employers do not have an excess of labor just hanging around.

Question 2

Would your boss forgo a sale or allow a contract to be canceled because they didn't have the labor, or would they be more likely to have the workers on hand needed to fill the obligation or sale?

Answer 2

Your boss will always keep the amount of labor on hand to fill orders and make the sales, no more and no less. Demand is what dictates hiring and firing, not wages. No sales, no work. More sales, more work.

So as you can see, the layoffs may take place if an employer wanted to make a political point but they would do so at the cost of profits. The entire argument of wages boils down to the argument of who deserves how much of the profits from production. Employers (most of them) feel ENTITLED to the lion's share. They feel this entitlement while they sit in lap of luxury and others work their fingers to the bone to not only produce a profitable product but to keep the country operating. That's right, the working class makes the world go around. It doesn't hurt my feelings not one little bit that the rich will soon have to move over and make a seat at the table for the rest of us.

"and the first shall be last"

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[-] -1 points by richardkentgates (3269) 12 years ago

You left out the video http://www.youtube.com/watch?v=8Y-u0UnKZ_U

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[-] 0 points by brosefstalin (139) from Wantagh, NY 12 years ago

Thanks.

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